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Panama City Beach real estate

These are articles that cover real estate in the Panama City Beach area.

2014 - Year in Review

January 2015 Panama City Beach condo sales update

Condos see third year of price increases

In 2012 condos showed promising signs of prices beginning to bounce back. In 2013 condo sales prices clearly showed the market had rebounded. What was interesting about 2013 was that even after two years of price increases, the sales volumes didn't fall off. The reason for this was that inventory was running low on some of the floor plans at their current pricing levels.  Meanwhile other floorplans that had not seen absorption for years were beginning to pick up the slack. The lack of inventory really became apparent in 2014. Even though we had price increases of 10% in both 2013 and 2014, our sales volumes were off by 21% when compared to the previous two years. I expect this trend to continue in 2015.

May 2015 market update

May 2015 Panama City Beach condo sales update

As of April 2015, average per square foot prices are back in line with trends seen in recent years. A look at current performance of older versus newer condos reveals opposing trends: condos built before 2001 are seeing a 19% sales volume increase to prior year while condos built since 2001 are realizing a 9% decline in sales volume. The numbers reveal a shift toward the absorption of older condos. This newly developing trend is attributable to significant price increases in the newer condo market.

2015 Year in Review

January 2016 Panama City Beach condo sales update

In 2015, we saw the prices of condominiums increase for the fourth consecutive year. Even as prices rose, sales volumes remained strong. The vast number of sales were condos built since 2000, but there was a continued increase in annual sales volumes for older units because of the price increases on newer condos.

We noticed over the year that most of the condos that sold have floor plans that bring a lower price per square foot. For instance, a two-bedroom floor plan in which the bedrooms are not located on the water will sell for considerably less than a two-bedroom floor plan in which the master bedroom is positioned on the water. Below are several graphs that demonstrate the trend that we are seeing.

January 2017 market update

Panama City Beach condo sales review of 2016

A look back at 2016 condo sales in Panama City Beach

The 2016 Panama City Beach condo market was a bit of a mixed bag. The average sales price per square foot for condos built in the area after 2001 are down less than 1% from last year. This year saw some floor plans increase in price while others were flat or fell lower. There is still a healthy demand for condos as the area continues to improve and mature. Strict financing requirements are providing a healthy market free from speculators and flippers.

June 2015 market update

Panama City Beach real estate update for condos

Loan rates for condominiums edged up one-quarter of a point last week following an unexpectedly strong May jobs report that caused bond yields to go up. Rates were briefly at 4.5% on a five-year ARM before falling back to there normal range.  I think interest rates will have to go higher before we see any effect on Panama City Beach's condominium market.  You can get more detailed loan information in my condominium loans in Panama City Beach article.

March 2015 market update

Panama City Beach condo sales update for March 2015

Unsurprisingly, 2015 has been off to a slow start for selling condominiums. Today, sellers are demanding for higher sale prices on their condo listings. This in turn is resulting in few buyers who are willing to spend those prices. With no supply of distressed sales, this is the new real estate market in Panama City Beach.  Foreclosures and short sales rarely happen anymore and when they do reach the market, these properties are sold at the retail price.

May 2016 market update

Condo Sales update for Panama City Beach May 2016

The average 2016 sales prices for most condominium floor plans are continuing to increase, though they are doing so at a much slower rate than in prior years. But not all condominiums have seen price increases this first quarter. Some condos are experiencing decreasing average sales prices and a few that have yet to see a sale this year.

Our sales volumes are also down 10% compared to the 2015 January through April time period. It is important to note the current pricing levels we are seeing in many buildings. If you look at many of the condominium preconstruction prices, deduct the 20% down payment, deduct closing costs and ignore all of the upkeep costs, this is roughly the same price at which the majority of condos are selling.

October 2014 market update

October Panama City Beach condo sales update

We're seeing an overall theme of gradually increasing prices with sales volume falling back from the past three years' sales levels. This happens in waves (different floor plans in different buildings). There have been steady price increases over the last three years, and a large part of our sales volume occurred in floor plans located in the newer and most popular buildings.

September 2015 market update

Panama City Beach real estate update for condos

Condominium prices have increased 5.6 percent this year.  That is down from the 6.1 percent we were up in the June Market Update.  It is not that prices have fallen, but that the majority of condos selling are of floor plans that bring a lower per square foot price.  For example: A 2-bedroom floor plan with both bedrooms off the water is going to sell for considerably less than a 2-bedroom with a master bedroom on the water.

September 2016 market update

Condo Sales update for Panama City Beach May 2016

After three consecutive years of price increases (2013 - 10.6%, 2014  10.4%, and 2015  7%), the fourth year failed to materialize. 2016 is a mixed year for condo sales prices in Panama City Beach. On average the sales prices are down 1.8% this year. Buildings and floor plans individually have been a mixed bag.

Waterfront Panama City Beach Real Estate

Waterfront homes in Panama City Beach Florida can be more of an adventure than a search. We have simple easy to view listings in the Panama City Beach area that give you more of you are looking for and less of what you are not. We have separate and distinct searches for Panama City Beach houses, Bay Front homes, Panama City Lake Front homes, and Panama City Gulf front homes in the area. We also have Panama City waterfront real estate lot searches that will be very helpful. This should help you in your search for Panama City Beach Real Estate.

Panama City Beach condos for sale

Looking for condos for sale in Panama City Beach can be a daunting task. We can help you in a number of ways. Our website provides a host of information including listings, floor plans, pictures, and more. We also have agents that are true experts in condominiums. With a little information, they can give suggestions on which buildings may best suit you.